Mr. Market swings from euphoria to depression and back again. Nobody, including the most elite investors, can predict the future accurately. Avoid trying to time the market. Have a plan for a downturn.

5.DEFINE RISK FOR YOURSELF

Is risk the up and down gyrations of the market or is it the permanent loss of capital? Look at both the quality of the investment and the price. Buy the best possible quality at the lowest price. Try to buy with a margin of safety.

6.TAME YOUR BRAIN

Investing decisions are ideally made in the logical part of our brain. Many of us are caught in reacting impulsively. Educate yourself, learn consistently, and resist acting from FOMO – fear of missing out.

7.LIQUIDITY AND LOCKUP

Consider how quickly you can you get your money back. How easily can you sell the investment (liquidity)? How long is your money tied up in the investment (lockup)?

8.ENJOY THE PROCESS

Investing is deeply pleasurable to it’s best practitioners. Cultivate an abundance mindset – we enjoy luxuries today that royalty couldn’t access a 100 years ago. Billions of people will see their quality of life improve in the next decade. Invest accordingly.

9.AUTOMATION

Harness technology to automate every investment process you can. Save automatically. Rebalance automatically. Use technology to find the best investments for you automatically.

10.IMITATION

The best investors write books, blogs and give interviews. You can follow their teachings for almost no cost. Develop your own circle of investing competence and outsource the rest.

Disclaimer: I do not offer investment advice or help on specific investment decisions. You should speak to a certified investment adviser for that. This site and my work is strictly for investment education. I try to generate entertaining content about the timeless principles of investing and very strictly adhere to not offering investment advice.